LONDON, July 10, 2013 /PRNewswire/ --
A new report from the Association of British Insurers (ABI) has revealed what motor insurance premiums pay for. The report discovered that 29% of car insurance premiums pay for repair costs and replacement vehicles, 20% are paid out on whiplash claims and 15% on personal injury claims. Using a price comparison site such as comparethemarket.com is one way to insure you have the right insurance cover in place and that you get a great deal.
Simon McCulloch, Director of Insurance at comparethemarket.com explains: "Whether you're looking to beat your current provider's renewal quote, or insure a new vehicle, we could help you save money on your car insurance. You only need to enter your information once, and we'll search over 100 insurance products, instantly presenting you with the great prices for cover that will suit your needs."
Specialising in more than just car insurance, comparethemarket.com provides customers with an easy way to find the right deal on a wide range of insurance and financial products from home, van, bike, life and pet insurance to credit cards. It also offers comparisons for a range of household utilities including electricity, gas, phone, broadband and digital TV.
- comparethemarket.com was launched in 2006 and has grown rapidly over the past six years to become one of the UK's leading price comparison websites.
- comparethemarket.com provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as, credit cards and loans.
- comparethemarket.com actively selects its brand partners, working with the best and most trusted organisations to ensure quality service to consumers.
comparethemarket.com is a trading name of BISL Limited. BISL Limited is authorised and regulated by the Financial Services Authority.
Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Registered in England number 3231094.
1. Lifting the bonnet on car insurance' report, Association of British Insurers, March 2013